Polymarket's predictions see a 75% chance that the price of #Bitcoin will drop below US$55,000. Bets proclaiming the fall of BTC below US$50,000 and US$45,000 now maintain probabilities of 62% and 47% respectively, with trading volumes exceeding US$1.5 million.

While prediction markets may overestimate, the high confidence in prices below US$55,000 aligns with Standard Chartered's projection. The entity forecasts a drop to US$50,000 before any structural recovery towards US$100,000.